Arizona’s 2023 Economic Performance Index

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Arizona has grown rapidly in the past 10 years – household incomes are more than 50% higher today than they were in 2011, and the percentage of people in poverty is down 7 percentage points to 12.5%.

Prices in the 21st Century – Arizona

Prices in the 21st Century – Arizona

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While on average, consumer prices have risen 92% since the turn of this century, the prices of six goods have more than doubled – gasoline (+260%), home prices (+214%), rent (+167%), medical care (+154%), college tuition (+119%), and food away from home (+114%).

The 2024 Arizona Budget Then and Now

The 2024 Arizona Budget Then and Now

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During the 2024 legislative session, it is vital for citizens to be aware of the history of spending across the entire budget –the General Fund ($18 billion), and the approximately 1,200 Other Funds that spend another $47 billion.

Arizona Jobs and Labor Force Update: January 2024

Arizona Jobs and Labor Force Update: January 2024

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Arizona gained 9,200 nonfarm jobs in December (+0.29%) – the 8th-fastest month-over-month employment growth rate among all states. For perspective, the total U.S. job growth rate was 0.14%; 11 states reported job losses.

Common Sense Institute Arizona Belief Statement

We believe sound fiscal and economic research is essential to uphold Arizona’s economic vitality, future, and individual opportunity. 

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CSI Strategic Advisor Daniel Scarpinato highlights CSI`s research on the impact of the ESA program in the Arizona equation landscape.

To learn more, check out our latest ESA report at the link in our bio.
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Since 1947, the Cactus League has served as an economic engine in the Valley, generating over $400 million for the state’s GDP in 2023.

See just how much sports & tourism contributes to Arizona`s economy by checking out our report at the link in our bio.
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Since 2000, average hourly earnings in Arizona have increased by 94% but rent has increased by 167% — nearly every good and service we track is significantly more expensive today than it was 20 years ago.

Inspired by Mark Perry at AEI.

Read the full report here at the link in our bio.
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Coffee & Common Sense is back! You`re invited to join us on March 12th to engage with CSI experts and community leaders — don`t wait, register now at the link in our bio! ...

The tamale bill is back, and this time it might become law.

See how the cottage food industry contributes to the Arizona economy by checking out our report at the link in our bio.
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While on average, consumer prices have risen 92% since the turn of this century, the prices of six goods have more than doubled – gasoline (+260%), home prices (+214%), rent (+167%), medical care (+154%), college tuition (+119%), and food away from home (+114%).

Inspired by Mark Perry at AEI.

Read full report here at the link in our bio.
...

This week on #60SecondsofCommonSense, Zach Milne, CSI Senior Economist & Research Analyst, addresses the #Arizona #Budget

The Arizona state General Fund is facing nearly $800 million in deficits in 2024. This is expected to grow to nearly $2.3 billion by 2027.
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On this Presidents` Day, the Common Sense Institute reflects on the wisdom and foresight of our nation`s founders. Their commitment to thoughtful governance and free enterprise continues to inspire our mission today. #PresidentsDay ...

COMMON SENSE INSTITUTE ARIZONA’S MISSION

CSI Arizona’s mission is to examine the fiscal impacts of policies, initiatives, and proposed laws so that residents are educated and informed on issues impacting their lives. Common Sense Institute was founded in 2010 originally as Common Sense Policy Roundtable in Colorado. CSI’s founders were a concerned group of business and community leaders who observed that divisive partisanship was overwhelming policymaking and believed that sound economic analysis could help residents make fact-based and common sense decisions.